But, a blockchain must have security measures implemented that trigger an alarm, if coins appear double coming from different wallet addresses on no matter how many blocks aka computers.
Can anyone imagine that the 18 million is fake news out of an Hacker Ego problem or to harm Crypto in general?
So, a blockchain has several connected computers. Each holds a list of coins by storing the "serialnumber" and the wallet it was send from and in which it's stored.
The wallet is connected by a trusted gate aka port aka service to the blockchain.
Binance is one. eToro is one.
If these companies would also hold records of wallets noone could succeed in manipulating a blockchain anymore especially if the wallet records are not stored in the blockchains and serve as a trusted back up.
So. A hacker takes over any amount of computers in a blockchain. He then reads the records of coins. He tries to copy the coins by basically copy paste into his Wallet, but thereby creates a mismatch.
One that shows Washington with sunnies and a big smile in green. It sais Dollar, but that's not the real fella there.
The blockchain was created to exactly prevent copy and paste.
The only way would be to copy the wallet and then sell the coins, by attacking the wallet. That is only possible by hardware wallets that are put offline and are not connected to the blockchain like those of Binance or eToro. No record distinguishes between wallet type.
Hardware wallets make a lot of sense in 3rd World Nations being useless without a code and thereby of little interest for bandits beside their ease to connect to a real bank in distance as soon as having internet communication like by a solar cell and sky net transponder. They are the real world Cred Stick from Sci-Fi Cyberpunk World's.
The explanation of the 51% attack bares all detailed description, is purely theoretic and does not match the basic idea of a blockchain.
Meaning, they say they defeated the purpose and proof is they say.
Well, fuck you.
#cyberpunkcoltoure
